In some countries, most people prefer to rent their homes rather than buying them. What are the advantages and disadvantages of renting a home?

The

first

and foremost thing every human need is

home

Suggestion

a home

to live. People spend about one-

third

of their salary, either to pay the monthly rent bills or mortgage interest on their homes. In some parts of the world, people prefer to rent a

home

as it's economical and easy to relocate when the demand arises.

However

, it has its drawback too. It is evident that renting a

home

is cheap and would not incur any additional costs for repairs or maintenance, as they would be taken care by the landlords. In most countries, countryside

home

rents are even cheaper when compared to urban areas.

For instance

, in the state of Texas, USA, residents pay as much as 10 to 12 thousand dollars in property taxes every year, which is roughly the same amount to rent a two-bedroom

house

.

Besides

, when the income levels are low, we can downsize and move to a different

home

.

Also

, if the job requires constant relocation,

then

renting a

house

is the most viable option. It would be impossible to buy a

house

in every work location, especially in downtown areas.

On the other hand

, renting a

house

does not provide a stable place to live forever. Landlords may ask the tenants to leave at any time with short notice.

This

would create a lot of stress on individuals to find another

home

.

Moreover

, renting does not allow to renovate or remodel homes based on one's wish and

this

blocks people from living their true lifestyle. In a way, it forces tenants to adjust according to the landlord's direction. To conclude,

although

is renting the

house

looks like the best option, it does not allow people to live with complete freedom. Spending a few more dollars and buying a

house

could prove to be a good investment.